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FULL BUILDING **PRIME TOWN CENTRE MULTI-PURPOSE DEVELOPMENT PROJECT** Large 4 Storey building with basement and mews to the rear in centre of Perth offering huge potential to developer or builder.
- Former residential block with bar on ground floor has lapsed planning permissions for 5 floors and basement. Ground floor bar, First floor restaurant then 8 flats over three floors above.
- ***EXCELLENT CITY CENTRE LOCATION- Total ground floor area is approx 2700 sq feet. Will be of Substantial Interest to Professional Investors & Developers***
- RESIDENTIAL SALES EVIDENCE IN STREET- 12, South Methven Street £230,000... 16a, South Methven Street- £88,000...17e, South Methven Street £67,000...
- PERFECT PERTH CITY CENTRE LOCATION BESIDE PIZZA EXPRESS AND ALL OTHER MAJOR RETAILERS ON THE HIGH STREET- GUARANTEED HIGH FOOTFALL.
Freehold- Outright ownership of the property and land on which it stands.
Vacant- Full vacant possession offered at time of completion.
Description:**PRIME TOWN CENTRE MULTI-PURPOSE DEVELOPMENT PROJECT** Large 4 Storey building with basement and mews to the rear in centre of Perth offering huge potential to developer or builder. The ground floor is a large bar in the main building ( no 12 ) all the way through to the ground floor of the mews it is connected by a single story extension. Number 10 has close entrance with flat on first floor and a flat on the second and third floors split into two. From this close there is a door to rear that gives access to another flat on the first floor of mews at the rear. Planning was previously given (now lapsed) for 5 floors and basement. Ground floor a bar. First floor Restaurant and then three floors of flats above giving a total of 8 residential dwellings. All indications are that the council very keen to have this site redeveloped and have indicated that they would look favourably at other uses. Total ground floor area is approx 2700 sq feet. Once this site has been acquired there may be further massive development potential if the neighbouring property can be purchased. This 500sq foot building also in need of development is not included in this sale however it is worth noting that there were previously plans in place to transform the whole site into a 1000sq foot retail unit on the ground floor and 20 flats above. RESIDENTIAL SALES EVIDENCE IN STREET- 12, South Methven Street £230,000... 16a, South Methven Street- £88,000...17e, South Methven Street £67,000... Sales evidence above is based on tenement flat sales. Housing associations in the area can pay around £115k-£125k per property if a deal can be agreed. Once renovation is complete the residential properties alone could ensure a massive profit for any potential purchaser. Please note VAT is payable on this purchase.
Location:This property benefits from being within seconds of all High Street shopping with Perth Bus & Train Station situated just minutes away, ideal for the commuter. There is easy access to the motorway networks in every direction from the centre of Perth leading to the larger cities of Dundee, Stirling, Edinburgh and Glasgow. Perth City Centre offers a wide range of nearby amenities such as a varierty of shops, restaurants, bars and leisure facilities.
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Pricing Info & Bidding:
Guide Price = £100,000
What is a Guide Price...Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.
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04 December 2020, 4pm
Deadline for Offers